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Infratil Limited ( (IFUUF) ) just unveiled an announcement.
Infratil Limited, alongside the New Zealand Superannuation Fund, has agreed to sell their combined 100% stake in RetireAustralia to Invesco Real Estate for A$845 million. The sale aligns with Infratil’s strategy to divest businesses that are unlikely to scale under its ownership, despite the transaction resulting in an accounting loss of approximately NZ$80 million. The decision is expected to enhance balance sheet flexibility for future reinvestments, contributing towards Infratil’s $1 billion divestment target.
More about Infratil Limited
Infratil Limited is a New Zealand-based infrastructure investment company. It focuses on sectors such as energy, transport, data, and social infrastructure, aiming to deliver sustainable returns to its stakeholders.
Find detailed analytics on IFUUF stock on TipRanks’ Stock Analysis page.
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